Bitcoin Dipped Below $19K: Crypto Eyes Another Red Week (Market Watch)

The weekend for Bitcoin has been calmer than in the past few days, with the asset sitting still at $19,000 Altcoins are similarly in position with little to no movement from larger-cap coins.

Bitcoin at $19K

The primary cryptocurrency didn’t do well last week. It had climbed to almost $22,000 at one time. It has been happening several times over the past few weeks. However, it didn’t continue to climb and it reversed its trajectory quite quickly.

BTC fell to $21,000 the next day and $20,000 within a few days. The asset fell further to a 10-day low of $18,600 on Bitstamp as June came to an abrupt close. This was the worst quarter in bitcoin’s history.

A surprising pump followed, with BTC jumping to $21,000, but falling below $20,000 just minutes later. The cryptocurrency has remained relatively steady at $19,000 where it is currently placed.

Its market capitalization is now at $365 billion. However, it has lost its lead over altcoins to 42.2%.

BTCUSD. Source: TradingView
ltcoins, Stagnent

Altcoins also fell during the week but have stabilized since the weekend.

Ethereum was close to breaking through $1,000, but it managed to maintain that level. ETH currently trades at $1,050. After a slight daily increase, BNB is now close to $220

Cardano, Solana, and Shiba Inu are slightly in the green, while Ripple and Dogecoin are in the red. TRON suffered the greatest loss from larger-cap alts, with a 33% drop.

Theta Fuel is one of the most impressive gainers, with a 11% daily increase to over $0.05

The crypto market cap, which is slightly expected, has remained relatively stagnant at just above $850 billion.

Cryptocurrency Market Overview. Source: Quantify Crypto
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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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